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on 22-Nov-2015 (Sun)

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Flashcard 150919345

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
A firm's minimum efficient scale is represented by the minimum point on the LRATC curve and is the [say about size and cost (which?)].
Answer
firm size that will minimize average unit (total) costs

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A firm's minimum efficient scale is represented by the minimum point on the LRATC curve and is the firm size that will minimize average unit costs.

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